At the end of this course, students should be able to:
- identify contemporary issues of public finance
- understand both the theory and practice of the budget policy
- clarify various methods of public expenditure management
- explain the importance of public budget reforms in the Czech Republic and in general
- comprehend the importance of the state treasury and its activities
- compare different models of pension systems
- understand financial flows in health-care
- analyze public debt management
- evaulate fiscal sustainability of public finance

Syllabus

The course covers the following topics that are scheduled for certain weeks of the semester:

The course takes the form of both lectures and seminars. There are explained main thesis of the topics within lectures, which are further discussed during seminars. Students show their comprehension of the topic by interpretation and comparison of main relation within. Presentation of students' homework is a part of each seminar. Students focus on the particular problem from the given topic, which they analyze and demonstrate possible solutions with usage of a practical example.

Assessment methods

The course is concluded with an oral exam. Students are eligible to take the oral exam provided that they gain at least 36 points during semester in the following activities:
1. seminar paper on a given topic (presentation - maximum 10 points, written paper - maximum 10 points)
2. written test in the last week of the semester (maximum 40 points);
3. points for being active during seminars (not limited).Important information! If students commit a prohibited act, such as using various forbidden tools, cribbing, taking out any part of the exam or any other cheating, the teacher is allowed to interrupt an exam and to grade a student with F, FF or FFF according to the seriousness of the offence. The mentioned procedure relates to all the activities that are included in the final evaluation of the course (seminar work, essays, tests etc.).